The Real Deal New York

New Tribeca condo to hit the market

A new Tribeca condominium project at 46 Lispenard Street is slated to hit the market within two weeks, Fredrik Eklund of Prudential Douglas Elliman told The Real Deal. The eight-story cast iron property will feature 11 units, including five half-floor units and a triplex four-bedroom, four-bathroom penthouse. Eklund is hoping that his team, which he heads with John Gomes, can capitalize on the growing appetite for Tribeca properties.

“There is a real lack of condo loft inventory [in the neighborhood],” Eklund said. “We are bringing this building to the market now in the summer, after so many buyers have lost out on properties in bidding wars and the tight inventory during the spring peak.”

The property, designed in 1866 by Isaac Duckworth, features a pre-war cast-iron façade and other classical flourishes.

Lispenard Group, LLC purchased the building in 2003 for $6.7 million. Pricing of the for-sale units will start at $2.65 million for a two-bedroom unit totaling 1,920 square feet, said Genifer Lancaster, member of the Eklund-Gomes Group.